X.L. America Inc. is consolidating the management of its U.S. specialty insurance programs under one newly formed business unit, XL Programs. XL Programs will partner with insurance program administrators to offer specialized insurance coverages to distinct market segments. Leveraging the program business in Greenwich Insurance Company, XL Programs now manages total insurance premiums in excess of $200 million. These programs provide specialty property and casualty, warranty, workers’ compensation, and intellectual property coverages to various industries, including habitational real estate, auto and construction. William Kronenberg III will oversee the unit as CEO, and Rick Callahan will serve as president. The company’s current Specialty Workers’ Compensation unit will also be incorporated within the XL Programs. X.L. America Inc. is part of XL Capital Ltd., through its wholly owned subsidiaries provides insurance and reinsurance coverages and financial products worldwide.
Was this article valuable?
Here are more articles you may enjoy.
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati From This Issue
